A Wild Ride, But Bulls Take the Week π The Daily Chart Report
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Todayβs Summary
Friday, April 11, 2025
Indices: Nasdaq 100 +1.89% | S&P 500 +1.81% | Russell 2000 +1.57% | Dow +1.56%
Sectors: All 11 sectors closed higher. Materials led, rising +2.97%. Communications lagged, falling -0.85%.
Commodities: Crude Oil rose +2.38% to $61.50 per barrel. Gold gained +2.11% to an all-time high of $3,245 per oz.
Currencies: The US Dollar Index dropped -1.12% to a three-year low of $99.78.
Crypto: Bitcoin gained +4.83% to $83,384. Ethereum rose +2.93% to $1,566.
Volatility: The Volatility Index dropped -7.76% to 37.55.
Interest Rates: The US 10-year Treasury yield closed higher for the fifth consecutive day, rising to 4.497%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
π Today's Chart of the Day was shared by Chris Kimble (@KimbleCharting).
- The Nasdaq Composite had its best week since November 2022, rallying +7.3%. The index puked more than -5% to start the week. However, it closed +13% from Monday's low.
- Chris points out that the Nasdaq Composite tested a 16-Year Rising Trendline this week.
- This trendline dates back to the 2009 low. It represents the secular bull market trend, considering it supported the cyclical bears in 2020 and 2022. The more times a trendline is touched, the more significant a potential breakdown becomes.
The Takeaway: The Nasdaq Composite successfully tested a 16-year rising trendline this week. This trendline has been validated several times, making any future breakdowns more significant.
Quote of the Day
"Life imitates art far more
than art imitates life."
- Oscar Wilde
Top Links
Stock Market & Bitcoin Analysis April 11, 2025 - Brian Shannon
Brian Shannon breaks down this week's price action and some key levels to watch next week.
When to Use Short-Term Charts: Now - CappNotes
Frank Cappelleri looks at the short-term patterns in the S&P 500.
Country ETFs Since Liberation Day and Pause Day - Bespoke
Bespoke highlights the strongest and weakest country ETFs amid the recent volatility.
The Best of Days and the Worst of Days - The Weekly Trend Podcast
David Zarling and Ian McMillan discuss the recent sell-off and more.